LendingClub Q2 Adj. EPS $0.09 Beats $0.04 Estimate, Sales $232.47M Beat $227.26M Estimate
Portfolio Pulse from Bill Haddad
LendingClub (NYSE:LC) reported Q2 earnings of $0.09 per share, beating the analyst consensus estimate of $0.04 by 125%. However, this is an 80% decrease from the same period last year. The company also reported quarterly sales of $232.47 million, beating the estimate of $227.26 million by 2.29%, but this is a 29.57% decrease from last year.
July 26, 2023 | 8:14 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
LendingClub's Q2 earnings and sales exceeded estimates, but both showed significant decreases compared to the same period last year.
While LendingClub beat estimates for Q2, the significant YoY decreases in both earnings and sales could potentially concern investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100